Silence3 Oct 2018 21:36
Good evening Seadog
You do a good job of being the chief propagandist for Alan Minty, and since you claim to be an insider, I must presume he approves of your all day presence here; like an osprey on a perch waiting for any errant pond living creatures to swim by.
You are a well documented supporter of the NOMAD regulatory regime for AIM listed companies, and you seem to award them the powers of Jupiter, which I beg to differ with. NOMADs are simply brokers who make an added income stream by advising AIM companies on regulation. The idea that every RNS, tweet or vox-pop is scrutinised by the NOMAD for veracity is, I am afraid, laughable. The litany of false RNS statements on AIM which carry the NOMAD name is endless, from oil to water, to disappearing finance being in place, to government approval vanishing in the night, to “no dilution” etc
The role of NOMAD is one for the broker’s junior staff to cut their teeth on and learn the pitfalls of the trade IMO. They have no more access behind NDA curtains than you or I do.
So I do not think the Chairman is hide bound by these “teenage scribblers”, to quote a former Chancellor. He just tells ‘em it’s right and that’s that.
The issue here is official silence, silence, silence. Bygrave must surely go and puke in the loo every time Minty tells him to put out a tweet of ancient trade press articles. If you go back a few years he hired one of the Interactive Investor posters to write such puff stuff for trade journals, and Bygrave looks like he is tweeting the same bilge. He must look back at the video of his trip to Newfoundland and cringe.
Silence means one of two things; something is about to happen or something has failed to happen and there is a bell curve of probability of each. I am bothered that Minty is on the down slope of that bell curve and he has simply stopped talking. He has track form for the silence of failure - ABT, Fyne, Clare, Jordan, Canada.
One thing that keeps me interested is that Paul Warwick has remained silent after his own deadline, too. If he came out with a non-floater solution for Bentley, then that would tell me the grand NUOG plan has sunk.
As for Garden Hill South, I do not accept that is a simple bit of kit on the test panel that needs replacing and it is taking 6 months to find one. If that were so the whole oil industry would be uninvestable. There has to be a fundamental problem and the Chairman’s comment that an “island rig” is needed tell me that a new well needs to be drilled and there is no evidence that PVF have come up with the $15 million to carry out a 3D survey and drill such a well. Soon be winter and the snow will put that off for another year IMO.
Sign In
Follow the stocks
